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← FANNY ALLEN CORPORATION

Form 990 for tax year 2024

Filed by FANNY ALLEN CORPORATION.

Totals

Total revenue
$329,671
Total expenses
$331,025
Contributions and grants received
$0
Grants paid
$325,000
Program service revenue
$0
Investment income
$329,671
Other revenue
$0
Total assets, end of year
$4,820,167
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,820,167
Program services expenses (Part IX)
$325,000
Management and general expenses
$6,025
Fundraising expenses
$0
Program service expenses (Part III)
$325,000

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $120,789 · excluded $120,789

  • 7a · Gross sales of assets other than inventory

    securities $458,772

  • 7b · Less cost or other basis and sales expenses

    securities $249,890

  • 7c · Gain or loss

    securities $208,882

  • 7d · Net gain or loss

    total $208,882 · excluded $208,882

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $325,000 · program services $325,000

  • 11c · Fees: accounting

    total $2,725 · management and general $2,725

  • 13 · Office expenses

    total $3,300 · management and general $3,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,316 · end of year $53,051

  • 12 · Investments: other securities

    beginning of year $9,867,356 · end of year $3,021,070

  • 15 · Other assets

    beginning of year $1,607,003 · end of year $1,746,046

  • 27 · Net assets without donor restrictions

    beginning of year $9,938,672 · end of year $3,074,121

  • 28 · Net assets with donor restrictions

    beginning of year $1,607,003 · end of year $1,746,046

Mission and programs · 2024

Mission

The Fanny Allen Corporation provides support and grants to other not-for-profit organizations in Vermont that serve the poor and the most in need.

Activities or mission (Part I)

To provide grants to other not-for-profits in Vermont that serve the poor and needy.

  • The Fanny Allen Corporation provides support and grants to other not-for-profit organizations in Vermont that serve the poor and the most in need.

    Expenses $325,000 · Grants $325,000

As filed on the 2024 return.

Listed in Part VII

  • Stephen W Forney

    Treasurer, SVP/CFO

    Total calculated
    $853,861
    From this org
    $0
    From related orgs
    $817,738
    Other
    $36,123
    Hours/week
    0.8 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $511,279 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $6,459 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $36,123 related
    Filer's total
    $0 + $853,861 related

  • Hon Karen Carroll

    Director

    Total calculated
    $0
    Hours/week
    0.6

  • Becky Holt

    Director

    Total calculated
    $0
    Hours/week
    0.6

  • Patrick Leduc

    Director

    Total calculated
    $0
    Hours/week
    0.6

  • Jennifer Archambault

    President

    Total calculated
    $0
    Hours/week
    0.6

  • Thomas Barritt

    Secretary

    Total calculated
    $0
    Hours/week
    0.6

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Any compensation paid to the trustees, directors, officers or key employees of the Organization is subject to the oversight and decisions of Covenant Health, a related tax-exempt organization. Every two-to-three years the Compensation Committee of the Covenant Health Board of Directors engages an external consultant to provide competitive market data from various survey sources, which is then used to develop recommendations for changes to the compensation program. Since 2003, the Compensation Committee has engaged a human resources consultant to conduct this analysis. Objectives of the analysis are to assess the compositeness of the total cash compensation levels of the senior leadership team, develop market based competitive salary ranges for all executive positions, and ensure that the annual incentive opportunities, if there are any, are competitive and reasonable.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Campus Holding

    C · Holding company · ME

  • Covenant Health Insurance LTD

    C · Self-insurance company · CJ

  • GNM Corporation

    C · Real estate holding company · NH

  • SJ Physicians Services

    C · Physician practice · NH

  • St Joseph Corporate Services Inc

    C · Holding company · NH

  • Strauss Incorporated

    C · Repairs and transcriptions · ME

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • Covenant Health Inc

    $7,586,541

    Disposition · Net equity transfers to related organizations. · Dec 31, 2024 · 501(c)(3)

Provenance

Return type
form_990
Tax year
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202543099349303379

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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